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I really need help with the second question, i have no idea how exactly cutting personal income tax will affect all of the programs PA

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I really need help with the second question, i have no idea how exactly cutting personal income tax will affect all of the programs

image text in transcribed PA 410 Fall 2017 Assignment 3 Due Thursday, November 16 (Total 15 points) Suppose there will be an initiative on the ballot in Arizona in this year's election to do two things: state personal income tax should be eliminated in Arizona and state legislature can not raise additional taxes to replace the lost revenue without voter approval. The following link gives you access to Arizona state fiscal year 2018 budget document, https://www.azleg.gov/jlbc/18AR/bh2.pdf. On pages 14 and 15 (PDF page number, not document page number), you will find an overall view of the state budget (revenue and spending) at both the general fund level and all state fund level. The following links also give you access to budgets for some of the major state agencies: https://www.azleg.gov/jlbc/18AR/axs.pdf (Medicaid) https://www.azleg.gov/jlbc/18AR/adc.pdf (Corrections) https://www.azleg.gov/jlbc/18AR/des.pdf (Economic Securities) https://www.azleg.gov/jlbc/18AR/ade.pdf (Education) https://www.azleg.gov/jlbc/18AR/uniumain.pdf (University of Arizona) Suppose your neighbor, who knows very little about state and local finance and budget, is deciding whether to vote yes or no on this initiative. He loves the idea of not paying state income tax, but on the other hand, he thinks that it seems too good to be true. He comes to you because he knows that you are currently taking a course on government finance, and asks you to explain to him what this all means. Please explain to your neighbor, in as detailed a way as you can, what this initiative means for Arizona. You need to make some educated guess about what the consequences will be and how the state and local governments might react if income tax is actually eliminated. You need to address at least the following four main points: 1) What this means to the state tax revenue system, particularly the equity issue; 2) What this means to the programs provided by the Arizona state government (you need to address specifically all the programs listed above); 3) What this means to the local finance and the fiscal relation between state and local governments in Arizona; 4) What this means for Arizona citizens. Four pages (not counting any pages you may have for tables if you deem them necessary), typed, double-spaced, with regular font size (12) and default margin of Microsoft Word

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